Target2 has become a giant credit card for Eurozone members that import more than they export to other members. But with two differences compared with a normal credit card: the interest rate is zero and the loan never needs to be repaid. Highly indebted Eurozone economies cannot borrow through the...
Money figures flash 'amber' warning for eurozone growth The ECB's Mario Draghi is worried about the rise of the euro. The Chinese are not happy about the strength of the yuan eitherCredit: comparic ECB has cut its bond purchases from a peak of €80bn (£57bn) in late 2016...
Eurozone Growth Slips to Four-Year Low, Fueling Crisis FearsImageA sweater factory in Solomeo, Italy. The country’s economic stagnation is likely to heighten the dispute between the populist government in Rome and officials with the European Commission in Brussels.CreditCreditNadia Shira Cohen for The New York TimesFRANKFURT — Economic growth in...
Meeting without departure-bound Britain, the bloc's 27 leaders were tasked by EU President Donald Tusk to speak freely about their often clashing visions for the single currency's future at a summit widely expected to be dominated by Brexit. Overhauling the eurozone and making it more resilient to economic shocks has been a...
The ECB has reached both political and technical limits. It offers mainly words, in particular a recurring promise to aggressively use its “instruments” if economic weakness “persists.”
IHS Markit chief economist Chris Williamson warned a gloomy outlook for the global economy and fears around impacts from Brexit are continuing to hit business output and confidence.He said: “Euro area manufacturing is in its deepest downturn for almost six years, with forward-looking indicators suggesting risks are tilted further...
Gabriele de AngelisGrowing inequality between eurozone members is one of the least welcome legacies of the euro- and sovereign debt crisis. The idea that the less well-off member states would catch up with the better-off in terms of GDP per capita was one of the great promises of the...
Eurozone finance ministers urged Italy on Monday (5 November) to reverse course on its rule-breaking budget amid fears of market turmoil and a return of the debt crisis. The ministers met in Brussels for...
Germany and France are aiming to agree on plans for a “banking union” and further Eurozone reform by March next year, as the bloc races towards deeper integration following the Brexit vote.Speaking alongside German Chancellor Angela Merkel, French President Emmanuel Macron restated his desire to create a European Union (EU) Finance...
A survey of purchasing managers published Wednesday by IHS Markit indicated that the eurozone economy grew at its slowest rate in over two years in October. The survey suggests global trade conflicts are reducing demand for European exports.Even more ominous, expectations for future growth hit their lowest level in...